Felda Global Ventures IPO oversubscribed 6.75 times

KUALA LUMPUR: The public portion of Felda Global Ventures Holdings Bhd's (FGVH) initial public offering (IPO) comprising 72.963 million shares was oversubscribed by 6.75 times.
A total of 58,562 applications for 565.4 million shares were received from the Malaysian public, Malaysian Issuing House Sdn Bhd (MIH) said on Friday.
A
total of 36.48 million shares have been set aside for allotment under
the Bumiputera category, representing 50% of shares offered for public
subscription while the balance of 36.48 million shares were allotted
under the public category.
"A total of 21,829 applications for
195.69 million issue shares were received under the Bumiputera
category, representing an oversubscription of 4.36 times.
"Under
the public category, 36,706 applications for 369.71 million shares were
received for an oversubscription of 9.13 times," it said in a statement
today.
The joint global coordinators and joint bookrunners have
confirmed that the institutional offering of 1.92 billion shares has
been fully placed out, MIH said.
"The institutional price was fixed at RM4.55 per share.
"Accordingly,
the final IPO price for the retail offering is fixed at RM4.45 per
share and refund of the difference of 10 sen per share will be
dispatched to successful retail applicants within 10 market days
starting today," it added. - Bernama